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Economic growth and sustainable development in Indonesia: an assessment

Kurniawan, Robi - ; Managi, Shunsuke - ;

We explore the nexus between sustainability and economic growth in Indonesia between 1990 and 2014, using an inclusive wealth framework that covers the country's unique resources and biodiversity. Indonesia's inclusive wealth growth is considered positive. However, the 'dilution effect' on Indonesia's population has outpaced the country's wealth growth, so that its per capita inclusive wealth growth has been negative. This study implies that the GDP per capita growth in Indonesia does not necessarily indicate sustainability. The depreciation of both renewable and non-renewable natural capital is driving the decline in wealth per capita. Despite this, sustainability has been improving, although marginally, due to increases in the rates of produced and human capital growth. To return to a sustainable growth path, Indonesia must increase its investments to a net gain in the rate of wealth growth, and it must reduce its resource extraction to levels that its productive base can maintain..


Ketersediaan

Call NumberLocationAvailable
PSB lt.2 - Karya Akhir1
Penerbit: Bulletin of Indonesian Economic Studies 2018
Edisi-
SubjekEconomic growth
Well
Being
Sustainability
Inclusive wealth
Natural capital
ISBN/ISSN-
Klasifikasi-
Deskripsi Fisik-
Info Detail Spesifik-
Other Version/RelatedTidak tersedia versi lain
Lampiran BerkasTidak Ada Data

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